For decades contractors and subcontractors have borne the brunt of having money that they have earned held back from them to provide the owner with the funds necessary to complete their work in the ...
ALEXANDRIA, Va. - A study published by the Foundation of the American Subcontractors Association (FASA) concludes that the practice of retainage, widespread in the construction industry, "reduces ...
There have been debates for years about the pros and cons of owners withholding retainage (usually 5% or 10%, depending on each state’s retainage laws or local “industry standard”) from prime ...
Old habits die hard, and, then again, some just never die. That old saying is proving true with the institutionalized, but increasingly scrutinized, practice of retainage in the construction industry.
Given the amount of leftover Halloween candy in our house, you bet that I can make some deals with my kiddos: “If you do this, I will give you some candy” … or ...
Restraining retainage: Drilling down into New York’s 5% retainage law and its impact on your project
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. In the world of construction, retainage is a portion of ...
The Financial Accounting Standards Board released a staff educational paper Tuesday to answer questions about how to apply its revenue recognition standard to presentation and disclosures to ...
A reference manual published by the American Subcontractors Association, Retainage Law in the 50 States, is available for construction subcontractors to understand retainage laws across the U.S. Each ...
Federal contracting officers will no longer be required to withhold 10 percent of fees for architectural and engineering services, following a four-year effort spearheaded by the AIA. The new rule ...
Owner and Chief Engineer at Entech Innovative Engineering, creating specialty engineering projects for theme parks, museums and contractors. To continue reading this ...
Retainage is not a word found in standard dictionaries. It is a concept peculiar to the construction industry. Try to purchase an airplane ticket and hold back 10 percent until the pilot gets you ...
We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...
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